Mortgage Calculator
Find out your potential loan amount in just a few clicks.
- Check your loan eligibility
- Find your affordable monthly payment.
- Breakdown of your estimated payment.
The calculator is based on a down payment being made and borrowing the remaining on a mortgage.
- Check your loan eligibility
- Find your affordable monthly payment.
- Breakdown of your estimated payment.
The calculator is based on a down payment being made and borrowing the remaining on a mortgage.
Welcome to JP Listing's Mortgage Calculator
Easily calculate your mortgage payments.
Welcome to our mortgage calculator, an effective tool that simplifies estimating your monthly payments. Whether you’re a first-time homebuyer or looking to refinance your existing mortgage, our calculator provides valuable insights into your potential monthly payments, helping you plan your home financing with confidence.
How a Mortgage Calculator Can Benefit You?
Make Calculated Decisions
Compare various loan options by adjusting factors like loan amount, interest rate, and loan term, aiding you in making informed choices about which loan best suits your financial circumstances.
Save Time and Money
Estimate your monthly payments precisely, enabling you to plan your budget efficiently and avoid committing to a mortgage that exceeds your financial capacity.
Gain Financial Confidence
By understanding how various factors affect your monthly payments, you can ensure that you select a mortgage that aligns with your financial goals.
Answers to your inquiries regarding mortgage and how much you could potentially borrow with a mortgage
A mortgage is a loan provided by a bank, lender, or financial institution to assist an individual or business in purchasing a home.
Banks and building societies typically lend between 4 to 4.5 times your combined household income. They prioritize assessing your monthly income and expenditures to determine a comfortable repayment amount.
Typically, you’ll need a minimum deposit of 5-10% of the home you wish to purchase. A 25% deposit provides access to better mortgage deals, while a 40% deposit opens up the best deals available.
- Set a target and save it as soon as you get paid.
- Take out a Lifetime ISA, the government chips in 25% if you save £4,000 each year.
- Reduce your rent as much as possible, can you live with parents or friends?
- Consider Shared Ownership, which requires a smaller deposit.
There are various types of mortgages available, including repayment and interest-only mortgages, as well as fixed-rate, tracker, and standard variable rate mortgages.
